Japanese Yen remains fragile ahead of Tokyo CPI, Warsh’s Jackson Hole speech

USD/JPY trades in a narrow range below 160 on Thursday, with neither side able to build strong momentum. The US Dollar (USD) is struggling to extend Wednesday’s recovery, while persistent weakness in the Japanese Yen (JPY) continues to keep the pair supported. At the time of writing, USD/JPY trades around 159.30. The Yen remains one […]

Swedish Krona: Inflation risks may prompt tougher Riksbank stance

BNY’s Geoff Yu says rising Swedish import prices and continued weakness in the krona are adding to inflation risks. He expects the Riksbank to adopt firmer language on SEK valuations and sees scope for the market to bring forward expectations for the next rate hike. Inflation risks support earlier Riksbank tightening “We remain perplexed by […]